21710 29 Mile Rd
Ray Twp
Michigan
United States
48096

Ray Twp, Michigan, United States
Listed By CENTURY 21 AAA North

The Multi Family House for Sale located at 21710 29 Mile Rd Ray Twp Michigan 48096 with 5 bedrooms, 3 bathrooms is currently for Sale, 21710 29 Mile Rd Ray Twp Michigan 48096 is listed for $445,000. If the property located at 21710 29 Mile Rd Ray Twp Michigan 48096 isn't what you're looking for, search Michigan Real Estate to see other Homes for Sale in Ray Twp .

MLS#: 50147586

$445,000 USD

Type
Multi Family
Bedrooms
5
Bathrooms
3
The details

Property features

Date Updated: Jul 16, 2024

Other features

Appliances
Oven / Range
Washer
Refrigerator
Dryer

Area

Land/Lot size
2,630m² (0.65ac)
Bedrooms
5
Bathrooms
3
Cooling system
Central AC
Heating system
Forced Air
Gas

Description

Welcome to this fantastic investment opportunity in a prime location! This 2-story 3 unit building features two spacious apartments upstairs, each 938 sqft with 2 bedrooms and 1 bath. The lower level is 1876 sqft currently being used as living quarters but can be reverted back to business use as store, retail, office and more, offering endless possibilities for additional income streams. Each unit provides a private entrance. Located in an area with high traffic counts and high visibility. This property is perfect for entrepreneurs looking to establish a business in a prime community. The apartments provide a steady rental income, making this property a lucrative investment for any savvy investor. CAP RATE 8% or more (current rent is well below area average). Land contract available. We will consider all reasonable offers. Huge lot would allow plenty of space for expansion. Tennant pays all utilities.

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Location

21710 29 Mile Rd
Ray Twp
Michigan
United States
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